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Opinion

The Minimum Wage—Magic Wand?

In 1914, Henry Ford paid his factory line employees $97.30 per day—in 2005 dollars. The minimum wage is currently an issue in North Carolina, as well as at the national level. Interest in a new federal minimum has little to do with Ford's productivity and tedium argument, however, and there is no legislative magic wand for prosperity.

Dr. Karen Y. Palasek